Yeah, if you’ve owned your house since before 2018 you’re probably paying

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Sep 12, 2024
1:01:32pm

stenso All-American

$2,000 less per month than new buyers. That translates to about $30,000 a year of gross income.

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stenso

Bio page: stenso
Joined: Nov 4, 2018
Last login: Sep 20, 2024
Total posts: 7,881 (13 FO)

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Messages

Author

Time

What minimum salary do you need to live comfortably? In Utah.

Null

Sep 12, 12:35pm

$200-250K, too many variables though.

Niiineteeen84

Sep 12, 12:36pm

and another 20K if you have a daughter (or "son") who does cheer.

Belboz

Sep 12, 1:06pm

Or ballroom dance.

gopman

Sep 12, 1:08pm

Or ballet

dtownCoug

Sep 12, 2:49pm

Not worth moving to Utah at this point. TNT had to bail

TNT

Sep 12, 12:40pm

120

Baron

Sep 12, 12:40pm

Comfortably? No

TNT

Sep 12, 12:40pm

100k could be pretty comfortable with 2k mortgage and no other debt.

byubyu

Sep 12, 12:41pm

Not if you want to save for retirement and come out ahead every month.

fbguru

Sep 12, 12:43pm

It's still not bad. But other variables would be if there's matching 401k or

byubyu

Sep 12, 12:55pm

Maybe with no kids. But with 3-4 kids, no way.

allaboutthegainz

Sep 12, 12:46pm

We lived on 100K with 5 kids, including 2 teens, who both had jobs/afterschool

runnincoug

Sep 12, 1:21pm

$200k

dtownCoug

Sep 12, 12:42pm

This seems about right

TNT

Sep 12, 12:43pm

Yes, but if you have kids in club sports and an Instagram wife, then double it.

UCLACoug

Sep 12, 1:15pm

My fixed expenses about $60k, if you add in taxes & tithing Id say $120k is fine

Bainge

Sep 12, 12:52pm

You're right the minimum is a function of debt load and cost of living.

cdr88

Sep 12, 12:57pm

How big of a family?

Zoobieman

Sep 12, 1:38pm

Only one child, but honestly he probably saved us money once we had him.

Bainge

Sep 12, 1:59pm

I think this varies wildly depending on when you bought a house.

rivercitycoug

Sep 12, 12:56pm

This. If Null is moving here that mortgage could be quite high

TNT

Sep 12, 12:58pm

Yeah, if you’ve owned your house since before 2018 you’re probably paying

stenso

Sep 12, 1:01pm

The original price of my house is equal to my current household annual income

Belboz

Sep 12, 1:09pm

You state you already have a mortgage. Then I'd say $100K is enough.

runnincoug

Sep 12, 1:01pm

Comfortably is personal tolerance, But I would say $100 + 15K per child

Zoobieman

Sep 12, 1:01pm

No debt? 150k if you locked in a 2-3% mortgage

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